McNallie Money explores the latest Bitcoin mining sector developments, company updates, and upcoming Q2 earnings season strategies while analyzing how miners are positioning themselves in the evolving digital infrastructure landscape.

• Bitcoin price stabilizing in the $117,000-$119,000 range, creating a foundation for miners' strategies
• CoreWeave's declining share price reduces Core Scientific acquisition value from $9B to $6.6B
• CoreWeave insider lockup period ends August 15th, potentially triggering significant selling
• DMG Blockchain ranked 54th in Bitcoin treasury holdings, representing 80% of market capitalization
• Hive Digital passes 13 exahash milestone, targeting 25 exahash by Thanksgiving with $550M projected annual revenue
• MARA upsizes convertible note offering to $950M (potential $1.13B), maintaining Bitcoin treasury strategy
• Riot continues selling Bitfarms shares, reducing holdings to 46M shares (8.3% ownership)
• US government digital asset report expected July 30th, potentially impacting mining regulation
• Upcoming interviews with Salman Khan (MARA), Jason Les (RIOT), and hedge fund manager Eric Jackson

Please hit the like button and subscribe to McNally Money. Let us know in the comments how you're feeling about Q2 earnings season and which miner is your top pick in the space.

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We dive deep into the evolving landscape of Bitcoin mining and treasury companies, examining key metrics that investors should watch during this pivotal earnings season. The conversation reveals significant valuation gaps between Bitcoin miners and pure treasury companies despite impressive profit margins approaching 70-80% for efficient operators.

• Bitcoin price stabilizing around $118,000 with hash price at approximately $59, creating healthy margins for efficient miners
• MARA announces $850 million convertible note offering for Bitcoin purchases and debt refinancing
• Soluna Holdings secures $20 million funding for their 35-megawatt Texas mining project
• Emergence of Ethereum treasury companies following the success of Bitcoin treasury strategies
• Bitcoin miners receiving no premium valuation for their operational assets despite substantial infrastructure
• Iren, Cipher, and Riot leading with impressive gross margins of 70-77% due to low energy costs
• Core Scientific receiving a $9 billion buyout offer from CoreWeave, highlighting significant valuations in the sector
• High-performance computing and AI infrastructure presenting additional growth opportunities for mining companies

Join us for our upcoming podcasts featuring Mara's CFO Salman and Riot's Jason to discuss Q2 earnings and future growth strategies.

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Anthony Power and Bryce McNallie examine their selling strategies for Bitcoin mining stocks during this bull market cycle, revealing lessons learned from previous cycles and the importance of predetermined exit points.

• Bitcoin has broken its all-time high of $123,000 with miners surging 50-90% in the last month
• Bitfarms announced a 10% share buyback program (up to 49.9 million shares) to reduce their 557 million outstanding shares
• Mining stocks don't move in perfect correlation with Bitcoin's price - each miner peaks at different times
• This cycle differs from previous ones with ETF adoption, corporate treasury purchases, and pro-crypto regulations
• Setting predetermined sell targets based on price or percentage gains removes emotion from selling decisions
• The "second halving" effect of difficulty increases presents ongoing challenges for pure-play miners
• Most miners are diversifying into HPC/AI computing strategies with only Marathon and CleanSpark remaining pure-play
• Dollar-cost averaging out of positions is more effective than trying to time the absolute market top
• Journaling trades, joining a community, and having accountability partners helps maintain discipline
• "It never hurts to take a profit" - partial selling allows capturing gains while maintaining exposure

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